Capital One Sample Debt Settlement Letter

Capital One is probably best known these days for their goofy TV commercials, but they have also been known to give their cardholders a break in the form a settlement on their overdue credit card bills.  Granted, you need to be able to demonstrate a legitimate financial hardship in order to negotiate a settlement with Capital One but it is possible.

In the sample letter below, the individual was forgiven 50% of their credit card balance.  Negotiating a settlement like the one below can be done by yourself with a little bit of inexpensive training with Zipdebt, or can be handled for you by a reputable debt settlement company like Oak View Law Group.  The debt settlement company will do all the negotiating and will even handle the harassing phone calls that always come with situations like these.